Many Pensacola Beach residents to see a discount on flood insurance
CBS - 5 WKRG (Mobile, AL)
PENSACOLA BEACH, Fla. (WKRG) — Many Pensacola Beach residents will be eligible for a discount on flood insurance.
According to a press release from the Santa Rosa Island Authority, Pensacola Beach has retained its Class 5 rating in the National Flood Insurance Program's Community Rating System. The Federal Emergency Management Agency's website states that communities can be eligible for flood insurance discounts depending on how many points they receive.
"Classifications are based on the community's CRS credit points obtained in 19 creditable activities. The CRS activities are organized in four categories:"
* Public information
* Mapping and regulations
* Flood damage reduction
* Warning and response
Since the Pensacola Beach community received a Class 5 ranking, the community qualifies for a 25% discount on flood insurance premiums for most NFIP policies issued or renewed on or after Oct. 1, 2024, according to the release.
"This recognition is a testament to the dedication of our staff and the community at large in their commitment to enhancing public safety, protecting properties, and preserving the natural functions of floodplains," SRIA Executive Director Leigh Davis said. "The discount that many of our residents will receive on their flood insurance premiums makes our work in maintaining this rating worthwhile."
Long-Term Care Insurance Association Releases 2024 Short-Term Care Price Index
NOTICE TO ATTEND THE ANNUAL GENERAL MEETING
Advisor News
- Your client’s $3 million portfolio doesn’t tell you their insurance needs
- How life insurance can provide liquidity for wealthy families
- Retirement providers turn to digital engagement to retain assets
- Looking out for clients with diminished mental capacity
- House panel advances CLEAR Forms Act backed by IRI
More Advisor NewsAnnuity News
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
- Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
- A-Cap strikes back with lawsuit accusing SC regulators of sloppy process, leaking secrets
More Annuity NewsHealth/Employee Benefits News
Life Insurance News